President Donald Trump said during a Cabinet meeting that he wants to 'drive housing prices up' to keep homeowners 'wealthy' rather than focusing on affordability to benefit people people who 'didn't work very hard'
Go ahead, vote MAGA in the midterms if you’re curious how fucked your life can get.
What a shite take from the man who has no sense of real-world costs.
The price of a house is roughly, give or take, about one house. People might trade up and supplement the difference or have had savings from between purchases, but that initial upfront, first-time cost is the hardest one. It’s not a grand difference of space between rungs on the ladder, it’s that more and more of the lower rungs are getting actively broken off for the benefit of those with a surplus to sell.
What a shite take from the man who has no sense of real-world costs.
He also has no understanding of inflation. Lowing interest rates with rising inflation will, almost certainly, drive up home prices. As there will be more dollars chasing a limited supply. The problem is that this sort thing has a bad habit of going poorly. Investors have just gotten addicted to cheap credit. The US Fed is supposed to be the adult in the room, but The Pedo in Chief is doing his best to undermine that safeguard.
What a shite take from the man who has no sense of real-world costs.
The price of a house is roughly, give or take, about one house. People might trade up and supplement the difference or have had savings from between purchases, but that initial upfront, first-time cost is the hardest one. It’s not a grand difference of space between rungs on the ladder, it’s that more and more of the lower rungs are getting actively broken off for the benefit of those with a surplus to sell.
Scum.
He also has no understanding of inflation. Lowing interest rates with rising inflation will, almost certainly, drive up home prices. As there will be more dollars chasing a limited supply. The problem is that this sort thing has a bad habit of going poorly. Investors have just gotten addicted to cheap credit. The US Fed is supposed to be the adult in the room, but The Pedo in Chief is doing his best to undermine that safeguard.